Everything you should understand before becoming a validator.
Lumoz adopts Ethereum2.0.'s proof-of-stake consensus mechanism
For this, we need active participants - known as validators - to propose, verify, and vouch for the validity of blocks. In exchange, honest validators receive financial rewards.
In order to become a validator, you'll need to pledge TestnetMOZ as collateral. In other words, validators are required to have some funds at stake. The only way to become a validator is to make a TestnetMOZ transaction to the deposit contract deployed on Lumoz Chain.
To become a validator on Lumoz, you need to deposit 25000 MOZ for each validator that you wish to run.
To become a validator, you will need to be able to run commands inside the terminal on your computer. Generating your new key pairs and installing the validator software are both done from the terminal.